Uber isn’t happy with its competitors in China. The U.S. ride-sharing goliath has “spoken out for the first time” about being blocked on WeChat, China’s hugely popular mobile messaging app which is run by Tencent, an investor in Uber rival Didi Kuaidi. Read More
Chinese Internet giant Tencent, the maker of WeChat, has pinned down a strategic investment with indoor mapping startup sensewhere. The total amount of the deal was undisclosed, but the companies said that Tencent now has a license to use sensewhere’s indoor positioning software in Tencent Maps. Sensewhere will also be Tencent’s preferred vendor for location-based advertising… Read More
Pocket Gems announced today that it has taken an investment from Chinese Internet company Tencent. The funding will allow the mobile gaming company to expand globally, including into China.
The companies did not disclose the size of the deal, but The Wall Street Journal reported that Tencent invested $60 million for 20 percent stake in Pocket Gems. Read More
Beijing Weiying Technology, the maker of a movie ticket booking platform that is embedded in WeChat, China’s largest messaging app, has raised a $105 million series B. Investors include WeChat owner Tencent and Wanda Group, one of China’s largest movie theater operators. Read More
The on-demand delivery market has now raised more money in the first four months of 2015 than it did in all of 2014, and the latest beneficiary is the Brazilian mobile application and content developer Movile. The company has received a $40 million commitment from the South African technology investor and media company, Naspers . Read More
The on-demand delivery market has now raised more money in the first four months of 2015 than it did in all of 2014, and the latest beneficiary is the Brazilian mobile application and content developer Movile. The company has received a $40 million commitment from the South African technology investor and media company, Naspers . Read More
Tencent has made its first investment in Africa under the banner of its WeChat messaging service. WeChat Africa, a joint venture between Tencent and Naspers, announced an investment in M4JAM (Money For Jam), a South Africa-based mobile job service that connects to WeChat. Read More
Israel is racking up a growing list of startups that have either exited to big buyers or gone public, and this trend is driving yet more investment into the country. In the latest development, Tel Aviv VC Singulariteam is announcing that it has closed its second fund — $102 million from LPs that include co-founders of China’s Tencent and Renren — that it will use… Read More
Ele.me, a food delivery service based in Shanghai, announced this afternoon (link via Google Translate) that it has raised $350 million in Series E funding from CITIC, Tencent, JD.com, Dianping.com, and Sequoia China. The investment is notable because Tencent, e-commerce company JD.com, and restaurant review site Dianping.com are closely aligned. Read More
Tencent, one of the top Internet companies in China, launched the country’s first private online bank today. Called WeBank after Tencent’s popular messaging app WeChat, the financial institution is the first one in China to be based on the Internet. Read More